Trading Report: The Virginia Retirement Systems ET AL Acquires Shares of 13,800 Urban Outfitters Inc. (URBN)

The Virginia Retirement Systems ET AL Acquires Shares of 13,800 Urban Outfitters Inc. (URBN)

Virginia Retirement Systems ET AL acquired a new stake in shares of Urban Outfitters Inc. (NASDAQ:URBN) during the second quarter, Holdings Channel reports. The fund acquired 13,800 shares of the apparel retailer’s stock, valued at approximately $380,000.

Other large investors also recently bought and sold shares of the company. State Treasurer State of Michigan boosted its stake in Urban Outfitters by 0.7% in the second quarter. State Treasurer State of Michigan now owns 30,119 shares of the apparel retailer’s stock valued at $828,000 after buying an additional 200 shares during the last quarter. IBM Retirement Fund boosted its stake in Urban Outfitters by 3.4% in the second quarter. IBM Retirement Fund now owns 9,019 shares of the apparel retailer’s stock valued at $248,000 after buying an additional 299 shares during the last quarter. BlackRock Japan Co. Ltd boosted its stake in Urban Outfitters by 0.7% in the first quarter. BlackRock Japan Co. Ltd now owns 41,319 shares of the apparel retailer’s stock valued at $1,367,000 after buying an additional 306 shares during the last quarter. Utah Retirement Systems boosted its stake in Urban Outfitters by 3.8% in the second quarter. Utah Retirement Systems now owns 16,215 shares of the apparel retailer’s stock valued at $446,000 after buying an additional 600 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake in Urban Outfitters by 16.0% in the second quarter. LS Investment Advisors LLC now owns 4,708 shares of the apparel retailer’s stock valued at $129,000 after buying an additional 651 shares during the last quarter. Hedge funds and other institutional investors own 72.05% of the company’s stock.

Shares of Urban Outfitters Inc. (NASDAQ:URBN) opened at 36.61 on Friday. Urban Outfitters Inc. has a 52-week low of $19.26 and a 52-week high of $37.82. The firm has a market cap of $4.29 billion, a P/E ratio of 18.85 and a beta of 0.91. The firm’s 50-day moving average is $35.96 and its 200-day moving average is $31.02.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.10. The firm earned $890.57 million during the quarter, compared to the consensus estimate of $886.39 million. Urban Outfitters had a return on equity of 19.57% and a net margin of 6.63%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. Analysts anticipate that Urban Outfitters Inc. will post $2.06 earnings per share for the current year.

Several research analysts have recently issued reports on the stock. Wolfe Research raised shares of Urban Outfitters from a “peer perform” rating to an “outperform” rating and raised their target price for the company from $36.00 to $43.00 in a research note on Wednesday, September 7th. Stifel Nicolaus raised their target price on shares of Urban Outfitters from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Piper Jaffray Cos. reaffirmed a “fair value” rating and issued a $42.00 target price (up previously from $32.00) on shares of Urban Outfitters in a research note on Wednesday, August 17th. Deutsche Bank AG raised their target price on shares of Urban Outfitters from $28.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, July 25th. Finally, Jefferies Group raised their target price on shares of Urban Outfitters from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Twenty-two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Urban Outfitters presently has a consensus rating of “Hold” and an average price target of $35.63.

In other news, CFO Frank Conforti sold 4,000 shares of Urban Outfitters stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $37.42, for a total transaction of $149,680.00. Following the completion of the sale, the chief financial officer now owns 4,000 shares in the company, valued at approximately $149,680. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 24.30% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

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